Forex Stochastic Komposter Indicator
Forex Stochastic Komposter Indicator — a MetaTrader 4 indicator kept in the Old Kings collection. Its name points to the Stochastic oscillator. Its source code uses the Stochastic oscillator and ATR. It draws arrows on the chart and can send alerts. It has 10 settings, for example k (default 5), d (default 3) and sl (default 3). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 2 indicator files with source code (.mq4) you can open and edit in MetaEditor. Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Indicator · MT4 · v1.0 · Free
About Forex Stochastic Komposter Indicator
Forex Stochastic Komposter Indicator is an indicator for MetaTrader 4 based on Stochastic and ATR. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 10 settings, such as K, D and Sl. MQL source code included.
Files in the download: installation manual.txt, stochsigtxt_komposter.ex4, stochsigtxt_komposter.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| K | 5 | |
| D | 3 | |
| Sl | 3 | Stop loss distance |
| Sto m amethod | 0 | |
| Sto line mode | 0 | |
| Sto price field | 0 | |
| Lv | 50 | |
| Text | false | |
| Text color | Yellow | Colour on the chart |
| Alert | false | Turn this alert on or off |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 4 open File → Open Data Folder, then go to MQL4 → Indicators.
- Copy the .mq4 file(s) there. Put any .mqh files in MQL4 → Include.
- Open the .mq4 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the indicator from the Navigator onto a chart and adjust the settings.
Tags: Stochastic · Buy/Sell Arrows · Alerts · ATR · MT4 Indicator · MQL4 Source Code